Tenant-Occupied
For Sale
$179,900
225 Mousas Way, Lexington, KY 40509
Residential Income, Lexington, KY
Property Size2,176 SF
Lot Size0.04 Acres
Price / SF$82.67
Days on Market11
Property Features for 225 Mousas Way
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Laundry Room, Bathroom 3
Elementary school
Breckinridge
Middle school
Crawford
High school
Henry Clay
Elementary school district
Fayette County - 1
Middle school district
Fayette County - 1
High school district
Fayette County - 1
Directions
From New Circle Rd, take Richmond Rd outbound. Left on Old Todds Rd, right on Codell Dr, left on Mousas Way. Property will be on the left.
Subdivision
002 - Fayette County NE
Standard status
Active
APN
38018640
Size
2,176 SF
Lot size
0.04 Acres
Utilities
Heating system
Electric (Heating), Heat Pump (Heating)
Cooling system
Electric, Ceiling Fan(s), Heat Pump
Building Details
Year built
2000
Roof type
Shingle
Listing Agency:
Bluegrass Property Exchange
(859) 469-9429
Listed By:
Lesley Moore
(859) 396-8359
Added: Oct 6
Changed: Oct 15
Last Checked: Oct 16 at 7:06PM
MLS# 26028569
Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This tenant-occupied duplex contains 2,176 square feet across a 0.044-acre parcel. The property was built in 2000 and has a shingle roof that was replaced approximately three years ago.
Key Highlights
- 2,176 square feet on a 0.044‑acre parcel
- Built in 2000
- Tenant‑occupied property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,116
Cap Rate
8.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$322,320
$322.3K
Cap Rate 7%
$230,229
$230.2K
Cap Rate 9%
$179,067
$179.1K
Market Conditions
NOI Build-Up for 2,176 SF
Gross rent
$30.8K $14.16/SF
− Vacancy
−$1.5K −$0.69/SF
EGI
$29.3K $13.47/SF
− OpEx
−$13.2K −$6.06/SF
NOI
$16.1K $7.41/SF
Area
ZIP 40509
Vacancy
4.90%
Lease Rate
$14.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$322,320
Cap Rate 7%
$230,229
Cap Rate 9%
$179,067
Alternative Uses
Best Use
Multifamily LT 5
$258.9K
$226.6K – $302.1K
NOI $18,124 @ 7.0% cap · market cap 10.07%
Second Best
Apartment 5plus
$230.2K
$201.5K – $268.6K
NOI $16,116 @ 7.0% cap · market cap 8.96%
Theoretical Best
Office A
$453.4K
$396.7K – $528.9K
NOI $31,735 @ 7.0% cap · market cap 17.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,397
Businesses Nearby
Explore this area
Business Placement
Demographics for 40509, KY
44,572
Population
19,802
Households
2.3
Avg Household Size
36
Median Age
57%
College-Educated
95%
High-School Grad
47.8 sq mi
ZIP Area
932
Density / Sq Mi
$89,429
Median Household Income
$52,489
Median Earnings
$1,317
Median Rent
$338,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The property is occupied by tenants and includes a shingle roof replaced approximately three years ago.
Where is this duplex located?
The property is located at 225 Mousas Way Lexington, KY.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: 2,176 square feet on a 0.044‑acre parcel; Built in 2000; Tenant‑occupied property
